Our projects are designed to empower policy makers to create positive change. With a focus on collaboration and outreach, we provide original, standards-based research on key policy issues.
SCEPA joined with the Economic Policy Institute on Capitol Hill to brief congressional staff and policy experts on tax expenditures, or incentives given through the tax code without scrutiny by Congress.
SCEPA economists are working on the prospects for a more progressive economic order to emerge from the shock of the recession. They have published papers and documents that place current events in a longer-term context as well as policy proposals to deal with short-term concerns. They are also documenting the emerging discussion of how the discipline of economics is reacting to the Great Recession and the questioning of conventional economic analysis.
Lance Taylor, a SCEPA Faculty Fellow, presents an overview of his new book, Maynard’s Revenge, in a Google Tech Talk.
The book, published this November by Harvard University Press, is a timely analysis of mainstream macroeconomics, posing the need for a more useful and realistic economic analysis that can provide a better understanding of the ongoing global financial and economic crisis.
The government spends $143 billion through tax breaks in an effort to expand pension coverage and security. Yet, over half of the American workforce does not have a pension. Retirement insecurity hurts business plans, workers’ lives and retiree well-being. Reform is needed.
SCEPA’s Guaranteeing Retirement Income Project, sponsored by the Rockefeller Foundation and in collaboration with Demos and the Economic Policy Institute, has a plan to guarantee safe and secure retirement income for all Americans.
- Published on Monday, April 11, 2011
SCEPA Director and retirement expert Teresa Ghilarducci once again joins the New York Times "Room for Debate " blog to discuss the growing insecurity of American's retirement. As part of a series on "The Sorry Lot of the Risk-Averse Saver," Ghilarducci asks why savers can't have the same deal that Federal Reserve employees do? She points out that the unintended victims of low interest rates are a particular kind of saver whose major source of income comes from interest rates on bank accounts and other safe assets whose returns are linked to Federal Reserve policies.
Read the full article.
- Published on Friday, April 08, 2011
SCEPA fellow Jeff Madrick's new piece in The New York Review of Books provides an analysis of the recent report by the Financial Crisis Inquiry Commission (FCIC) and it's many revelations of unethical practices by Wall Street bankers and the systematic tolerance of such abuses by regulators.
"Written by the six members appointed by congressional Democrats, the FCIC report concludes, 'The crisis was the result of human action and inaction, not of Mother Nature or computer models gone haywire.' Many readers would think the conclusion obvious. But Wall Street professionals repeatedly claimed that similar crises occurred frequently in the history of modern capitalism, that they are merely the price paid for a dynamic and innovative economic system, and that individuals were not to blame. They thus minimized their own responsibility for the events and cast doubt on the need for significantly more intense regulation of their activities. The FCIC majority dismisses such arguments."
- Published on Tuesday, April 05, 2011
SCEPA's director, Teresa Ghilarducci, participated in a panel at the Urban Institute titled "Can We Boost Retirement Security for Low-Income Workers?" She was joined by fellow panelists Barbara Butrica, senior research associate, Program on Retirement Policy at the Urban Institute; Mark Iwry, deputy assistant secretary for retirement and health policy, U.S. Department of the Treasury; David John, senior research fellow, Heritage Foundation and Sheila Zedlewski, Institute fellow, Income and Benefits Policy Center, Urban Institute. She discussed her proposal for Guaranteed Retirement Accounts (GRAs) and how it would help low-income workers retire.